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Sep 26, 2012 6:00am EDT
in congress. they never proposed an obama care bill, it was written in congress. dodd/frank was written in congress. i think the administration, the role of the executive is to send down a piece of legislation that is an anchor that doesn't let things go too far one way or the other. and i think their mistake in their first two years when they had overwhelming majorities was the administration never laid down an anchor. >> do you think they've learned from those mistakes? >> never in history has a second term been better than a first term. and i think that's important to keep in mind. >> whoa, whoa. clinton. >> well, president clinton's, remember the budget deal was signed in the first term. but the second term was dominated by impeachment. >> the tabloids would say the second term was much better. i'm sorry. you get into the stock picks when we come back, we're going to do that. we're going to have to go right to you. you ready? you got them? >> i'm ready. >> what do you got? one stock pick, two? >> lots of stocks all around the world. >> coming up, we're going to tell you what you sho
Oct 2, 2012 6:00am EDT
leadership. we know the stimulus bill is just sent down to nancy pelosi and she wrote it. president had no input. dodd-frank same thing, obama care similar. there's this cadre of people writing the laws of our country without input from at least half the country. >> what's the most important thing you think needs to be tackled head on. you think the fiscal cliff is the first issue? >> there are a multiple of issues that have to be acted on and obviously the fiscal cliff is a very important one. the trouble is the fiscal cliff is probably too easy to solve and kick down the road, and so therefore i doubt we would be in the fiscal cliff. i'm not sure, to be honest with you, that a fiscal cliff falling off the edge is not exactly what america needs. >> is this a wake-up call do you think at this point? it's a pretty severe wake-up call to get. >> you're describing a wake-up call to rip van winkle. how many years have we been kicking the khan down the road. that's a wake-up call for rip van winkle, somebody who has been sleeping for a multitude of years. >> you're suggesting play with fire
Oct 1, 2012 6:00am EDT
it to 23.8, now you know, obama surprised everyone by saying i don't want preference on the dividend tax but the reality is that most democrats actually do want the dividend tax to be lower and there's bills to mabke it half of the regular tax, bills to make it 20%, again, also subject to the 3.8, which again only kicks in that high income levels, it's not across the board. so i say worse case scenario is really 23.8% for both the dividends of capital gains, certainly -- >> even simpson-bowles would tax it as ordinary income which is what we had in 1986 and that's a higher level. >> right, that brief time under reagan where we did get down to virtually a simpson-bowles solution back then, didn't keep it for very long. don't forget there's going to -- simpson-bowles is still a long way off. i'm not saying that the congress doesn't want to get together. >> if you're talking more than simpson-bowles you can look at the rivlin-domenici plan, but you have to look at things both sides of the aisle hate and mash them together to get the programs passed. >> absolutely. i think what the market is
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